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April 29, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Miami, Business Loans > Suntrust Bank Miami Business Loans > Heavy Construction Loan | ||||
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Florida Bank SBA Loans
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Suntrust Bank SBA Loan to Heavy Construction CompanyLooking to get a Florida small business loan? Here's one Florida business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Suntrust Bank, based in Miami, Florida. SBA Loan Borrower COMPANY TYPE: HEAVY CONSTRUCTION SBA Loan Lender SUNTRUST BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1629 - Heavy Construction Loan Approval Date 4/17/2000 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $52,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Suntrust Bank and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Who Lends Money to Small Businesses in Miami, Florida
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